Govt’s Foreign Investment Policy to be Released this Month

RANGOON – Foreign investment policy will be announced this month after President Htin Kyaw passes a revamped Myanmar Investment Law, according to secretary of the Myanmar Investment Commission (MIC) U Aung Naing Oo. Burma’s business community has been growing impatient waiting for details of foreign investment policy after criticizing the government’s 12-part overall economic policy […]

Construction Projects by Rangoon’s Inya Lake Suspended

RANGOON — Multiple construction projects on the site of a public garden occupying a peninsula in Rangoon’s Inya Lake were suspended on Monday by city officials, and will undergo an investigation. The projects have faced criticism from the public, the media and urban planners, for misusing public space intended for general recreation, and have faced scrutiny […]

Can Rangoon’s Traffic Woes be Solved?

RANGOON — Dr. Maung Aung has the ambition to ease a shared source of suffering for Rangoon residents since 2011—traffic congestion—by the end of the year, implementing a series of changes from a computerized traffic control system to a drastically streamlined bus network. He is the secretary of the Yangon Region Transport Authority (YRTA), formed […]

Hanthawaddy Airport Agreement in Final Stage

RANGOON — A final concession agreement will be signed by the end of this year with the Japanese-Singapore consortium which won a tender to construct the Hanthawaddy International Airport north of Rangoon, according to a government minister. U Thant Sin Maung, Burma’s Minister for Transport and Communications, told lawmakers during the parliamentary session on Tuesday […]

NLD Lawmaker Claims Foreign Workers are Flouting Visa Regulations, Harming Local Interests

RANGOON — National League for Democracy (NLD) divisional lawmaker U Than Naing Oo called on the Rangoon Division government to investigate the legal status of foreign workers in the city, who he believed were flouting visa regulations and harming local interests. In the Rangoon Division parliament on Thursday, U Than Naing Oo, who represents Pabedan […]

Military Officials, Cronies Released from US Blacklist

RANGOON — Burma’s former dictator Snr-Gen Than Shwe was among individuals removed from the US Treasury’s blacklist following the lifting of Burma sanctions on Friday. Another 16 senior military officials, including former Vice Snr-Gen Maung Aye, have been removed from the US Treasury’s Office of Foreign Asset’s Specially Designated Nationals and Blocked Persons (SDN) List. Apart from senior military officials, military-related businesses […]

SBI becomes first domestic bank to open branch in Yangon

Mumbai: The State Bank of India today announced its entry into Myanmar by opening a branch in the capital city of Yangon, becoming the first domestic lender to do so. The Yangon branch is the 54th foreign branch of the nation’s largest lender, chairperson Arundhati Bhattacharya, who opened the office, said in a statement here today. […]

Southeast Asia’s First ‘Book Plaza’ to Open in Rangoon Early Next Year

RANGOON — A complex of businesses and event spaces aimed at book lovers, which developer U San Mon Aung has called Southeast Asia’s first “book plaza,” is set to open in downtown Rangoon’s Chinatown in early 2017. The Yangon Book Plaza will occupy a 100×200-foot space on the fifth floor of Than Market in Lanmadaw […]

Two-Thirds of Disabled Children Not Enrolled in Formal Education

RANGOON — A joint report published by the United Nations International Children’s Emergency Fund (Unicef) has stated that Burma’s national education law needs to be amended, as two-thirds of the country’s 232,000 disabled children do not obtain a formal education. A 122-page report by Unicef and the Ministry of Social Welfare, Relief and Resettlement was launched in Naypyidaw on […]

Rangoon Govt Rep Clarifies Development Priorities

RANGOON – The head of Rangoon Parliament’s Finance, Planning and Economic Affairs Committee told the press on Thursday of the divisional government’s priorities for the development of the commercial capital throughout the rest of the year. Daw Sandar Min said that Rangoon Chief Minister U Phyo Min Thein informed committee members of 24 planned projects […]